Owning a car is actually a matter of pride for a lot of middle-class families here in India. This is a priceless possession for a lot of people and most of them want to make the extra effort in doing research around the perfect car, the perfect color etc and also making that last mile effort to get an extra deal from the dealer before finally buying the car. Though this seems to be traits of an intelligent customer but a lot of these same group of people don’t want to make that extra effort while buying car insurance from the same car. The reason behind this negligence is that,they either underestimate the risk involved in driving an uninsured car and the financial loss that might happen when one needs to pay for damages post accident out his/her own pocket. Under evaluation of risk and reward associated with buying car insurance policy and the ignorance associated with it can be eradicated but a lot people actually don’t buy a car insurance plan because they find the raising a claim with insurance company is not easy so why to pay for insurance.
As per regulatory guidelines , one needs to buy a car insurance policy if he/she wants to drive his/her car on Indian roads, the minimum guideline is to at least buy a third party cover. One needs to understand that in a country where 14-16 people die every hour due to road accident , think the number of car accidents happening and the incidental damages. Bearing the total damage out one’s personal pocket can sometimes leads to eating away a lot of one’s savings and which in turn can disrupt their financial well being. Just giving all credit to the claim process don’t serve the purpose.
Here is the list of common do’s and don’ts which one should remember while raising a car insurance claim with their insurance providers to avoid rejection of the total claim or part of the same
Common do’s :
We feel that the above-listed dos and don’ts are not very tough to follow to get a hassle free claim settlement rather than ignoring and showing laziness in buying a policy.